First-Time Home Buyer Programs in BC

Vancouver, Vancouver Island, Kelowna

2023/01/04

BC First-Time Home Buyers’ Program This program aims to help first-time home buyers by reducing their closing costs. It targets the land transfer tax buyers must pay when they buy their first home. Qualified buyers can receive the full $8K exception from the tax if the home they purchase is valued up to $500K. BC Home Owner Grant It offers eligible homeowners an annual reduction in property taxes of up to $770.